Prep and try our 1Z0-1055-23 valid and latest training questions & answers

You have 10 ledgers and 30 business units and want to leverage Preference Data Sets. What is the function of Reference Data Sets?

• A. allow you to maintain sets of related data in a Data Dictionary
• B. allow you to secure data by business unit
• C. allow you to share reference data, such as payment terms, across multiple business units to avoid redundant setup
• D. allow you to assign multiple business units to users in a shared service center

An Office supplies company requires an advance payment of $8000 for the office supplies you wish to order. You enter and pay a prepayment type invoice for $8000. You enter the standard invoice to book the expense which totals $10000 and you apply the prepayment to the standard invoice.
What are the accounting entries for that standard invoice with the prepayment application?

• A. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr AP Liability 8000 Cr Prepayment Account 8000.
• B. Invoice accounting - Dr Expense Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr AP Liability Account 2000 Cr Prepayment Account 2000.
• C. Invoice accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.The prepayment application has no impact on the Invoice.
• D. Invoice Accounting - Dr Prepayment Account 10000 Cr AP Liability Account 10000.Prepayment application - Dr Expense Account 8000 Cr Prepayment Account 8000.

You are resolving payment validation errors during the payment build process. Which two actions can you perform to resolve these errors?

• A. Run the invoice validation program.
• B. Run the create accounting program.
• C. Terminate the payment process request.
• D. Correct the setup errors for remittance bank accounts, third party payees, payment methods, or payment formats and submit resume payment process.
• E. Remove the documents or payments causing the error and resume the payment process.

XYZ Supplier has third party relationships defined with ABC Supplier and ACME Corporation. However, when reviewing the invoice installments for XYZ Supplier the payables specialist is unable to override the remit-to supplier name and address on the Invoice installments.
What is the reason for this?

• A. The option ,Allow remit-to supplier override for third-party payments, is not checked in the Payment Options page for the business unit.
• B. The option ,Allow remit-to supplier override for third-party payments, is not checked in the Invoice Options page for the business unit.
• C. The option ,Allow remit-to supplier override for third-party payments, is not checked in the Disbursement System Options page for the business unit.
• D. The option ,Allow remit-to supplier override for third-party payments, is not checked in the Common Options for Payables and Procurement page for the business unit.

Your company wants to generate intercompany transactions in USD but only if the amount involved is $3,000 USD or more. Which two intercompany system options are valid?

• A. Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.
• B. Set the intercompany system option minimum transaction amount to $2,999.99 USD.
• C. Set the intercompany system option minimum transaction amount to $ 3,000 USD.
• D. You cannot update the minimum transaction currency when intercompany currency is entered.
• E. Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.